Ivan Ho Hon Chung and Fung Pak Kei acquired approximately 6.97% stake in Daido Group Limited for HKD 4 million.

Daido Group Ltd is a Hong Kong-based investment holding company principally engaged in cold storage business. The Company operates through three segments. Cold Storage and Related Services segment is engaged in cold storage businesses and logistics services provision in Hong Kong. Trading of Food and Beverage segment is engaged in the trading of foods and beverages in China. Its main products include milk, sour milk, probiotic drinks, kimchi and sticky rice cakes, among others. Money Lending Services segment is engaged in the provision of money lending services and other related services.